Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

November 9, 2023
To whom it may concern:
Company name:
Furukawa Co., Ltd.
Name of representative: Minoru Nakatogawa,President and Representative Director(Securities code: 5715; TSE Prime Market)
Inquiries:
Tsuyoshi Tajika,
General Manager, Accounting Department(Telephone: +81-3-6636-9502)

Notice Concerning Differences Between Financial Results Forecasts and Actual Results forthe First Half and Revisions to Full-Year Financial Results Forecasts
Furukawa Co., Ltd. (the “Company”) hereby announces that, in light of the most recent operating trends, there weredifferences between the financial results forecasts for the six months ended September 30, 2023 (April 1, 2023
through September 30, 2023) announced on May 29, 2023 and the actual results announced today, as describedbelow.
In addition, the Company would also like to announce that it has revised the financial results forecasts for thefiscal year ending March 31, 2024 (April 1, 2023 through March 31, 2024), as described below.
1. Differences between consolidated financial results forecasts and actual results for the six months ended
September 30, 2023 (April 1, 2023 through September 30, 2023)(Millions of yen)
Net sales

Operating profit

Ordinary profit

Profitattributable toowners of parent

Basic earnings
per share (Yen)Previously announced forecasts (A)(Announced on May 29, 2023)

92,000

3,700

3,700

11,600304.33

Actual results (B)94,793

4,599

6,074

12,911341.52Difference (B-A)

2,793

899

2,3741,311

Difference (%)

3.0

24.3

64.2

11.3

104,576

3,372

5,219

3,448

(Reference)
Actual results for the same period of
the previous fiscal year
(Six months ended September 30,2022)

89.37

2. Revisions to consolidated financial results forecasts for the fiscal year ending March 31, 2024 (April 1, 2023
through March 31, 2024)(Millions of yen)
Net sales

Operating profit

Ordinary profit

Profitattributable toowners of parent

Basic earnings
per share (Yen)Previously announced forecasts (A)(Announced on May 29, 2023)

184,500

9,200

9,20015,300

401.41

Revised forecasts (B)190,000

9,700

10,50016,500443.67

Change (B-A)

5,500

500

1,300

1,200

Change (%)

3.0

5.4

14.1

7.8

214,190

9,031

9,348

6,211(Reference) Actual results for theprevious fiscal year
(Fiscal year ended March 31, 2023)

161.97

3. Reasons for the differences and revisions (consolidated)
In the six months ended September 30, 2023, consolidated net sales and operating profit exceeded thefinancial results forecasts due to the effect of the weak yen in the Rock Drill Machinery segment where a large
portion of sales are overseas and an increase in revenue and profit for the Metals segment from metal pricefluctuations and the price margin due to the weak yen, despite a decrease in construction for large-scale
projects and additional costs incurred in plant construction in the Industrial Machinery segment and a decrease
in revenue and profit for the UNIC Machinery segment as shipments of UNIC cranes were lower than theforecast due to delays in receiving trucks. In addition to this, ordinary profit and profit attributable to ownersof parent also exceeded the financial results forecasts mainly due to the recording of foreign exchange gains
under non-operating income.
For the full year, the Industrial Machinery segment is forecasting a decrease in revenue and profit, mainly due
to the actual results for the six months ended September 30, 2023, and the UNIC Machinery segment isforecasting widening decreases in revenue and profit due to lower-than-expected shipments of UNIC cranes
and a sharp rise in costs for procurement of parts and materials, among others. Nevertheless, the overall
consolidated financial results forecasts were revised upward because the Company expects an increase inrevenue and profit for the Rock Drill Machinery segment and the Metals segment.
4. Differences between non-consolidated financial results forecasts and actual results for the six months ended
September 30, 2023 (April 1, 2023 through September 30, 2023)(Millions of yen)
Net sales

Operating profit

Ordinary profit

Basic earnings
per share (Yen)ProfitPreviously announced forecasts (A)(Announced on May 29, 2023)

4,800

2,300

2,400

11,500301.71

Actual results (B)

5,137

2,709

3,277

12,377327.38Difference (B-A)

337

409877877

Difference (%)

7.0

17.8

36.5

7.6

5,336

2,974

3,062

2,858

(Reference)
Actual results for the same period of
the previous fiscal year
(Six months ended September 30,2022)

74.09

5. Revisions to non-consolidated financial results forecasts for the fiscal year ending March 31, 2024 (April 1,2023 through March 31, 2024)(Millions of yen)
Net sales

Operating profit

Ordinary profit

ProfitBasic earnings
per share (Yen)Previously announced forecasts (A)(Announced on May 29, 2023)

7,200

2,300

2,200

11,300296.46

Revised forecasts (B)

7,500

2,500

3,000

12,500336.11

Change (B-A)

300

200

800

1,200

Change (%)

4.2

8.7

36.4

10.6

7,834

3,254

3,195

3,073

(Reference) Actual results for theprevious fiscal year
(Fiscal year ended March 31, 2023)

80.14

6. Reasons for the differences and revisions (non-consolidated)
In the six months ended September 30, 2023, net sales and operating profit exceeded the financial results
forecasts mainly due to an increase in dividend income from subsidiaries. In addition to this, ordinary profit
and profit also exceeded the financial results forecasts mainly due to the recording of foreign exchange gains
under non-operating income.
The full-year financial results forecasts have been revised upward mainly due to the actual results for the six
months ended September 30, 2023.
Note: Forward-looking statements provided in this document, including financial forecasts, are based on the information currently
available to the Company and certain assumptions considered reasonable. Such statements are included without any guarantee
as to their future achievement. Actual results, etc. may differ materially from the forecasts depending on various factors.